ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

M5 SPARECO LIMITED - Company Information

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Caseware UK (AP4) 2019.0.227 2019.0.227 2019-10-312019-10-312020-05-18The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.Dormantfalsetrue2018-10-03true 11602322 2018-10-02 11602322 2018-10-03 2019-10-31 11602322 2019-10-31 11602322 c:Director1 2018-10-03 2019-10-31 11602322 d:CurrentFinancialInstruments 2019-10-31 11602322 d:CurrentFinancialInstruments d:WithinOneYear 2019-10-31 11602322 d:ShareCapital 2019-10-31 11602322 c:OrdinaryShareClass1 2018-10-03 2019-10-31 11602322 c:OrdinaryShareClass1 2019-10-31 11602322 c:FRS102 2018-10-03 2019-10-31 11602322 c:AuditExempt-NoAccountantsReport 2018-10-03 2019-10-31 11602322 c:FullAccounts 2018-10-03 2019-10-31 11602322 c:PrivateLimitedCompanyLtd 2018-10-03 2019-10-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11602322










M5 SPARECO LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2019
 
M5 SPARECO LIMITED
REGISTERED NUMBER: 11602322

BALANCE SHEET
AS AT 31 OCTOBER 2019

2019
Note
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
273

Cash at bank and in hand
 5 
1

  
274

Creditors: amounts falling due within one year
 6 
(273)

Net current assets
  
 
 
1

Total assets less current liabilities
  
1

  

Net assets
  
1


Capital and reserves
  

Called up share capital 
 7 
1

  
1


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 May 2020.




Peter Jeffreys
Director

The notes on pages 2 to 3 form part of these financial statements.

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M5 SPARECO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2019

1.


General information

The company is a private company limited by share capital, registered in England & Wales, registered number 11602322. The comany's registered office is 12 Gold Tops, Newport, Gwent NP20 4PH.
The company has not traded in the period 3 October 2018 to 31 October 2019.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

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M5 SPARECO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2019

4.


Debtors

2019
£


Other debtors
273

273



5.


Cash and cash equivalents

2019
£

Cash at bank and in hand
1

1



6.


Creditors: Amounts falling due within one year

2019
£

Other creditors
273

273



7.


Share capital

2019
£
Allotted, called up and fully paid


1 Ordinary share of £1.00
1

1 Ordinary share of £1 was issued on incorporation of the company on 3 October 2018.

 
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